Wilmington Savings Fund Society FSB Makes New $625,000 Investment in Datadog, Inc. (NASDAQ:DDOG)

Wilmington Savings Fund Society FSB bought a new position in Datadog, Inc. (NASDAQ:DDOG) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 5,429 shares of the company’s stock, valued at approximately $625,000.

A number of other large investors have also recently modified their holdings of the stock. Sanctuary Advisors LLC raised its stake in Datadog by 106.8% in the third quarter. Sanctuary Advisors LLC now owns 15,018 shares of the company’s stock worth $1,728,000 after buying an additional 7,757 shares in the last quarter. TCW Group Inc. grew its holdings in shares of Datadog by 0.6% during the 3rd quarter. TCW Group Inc. now owns 224,144 shares of the company’s stock worth $25,790,000 after acquiring an additional 1,412 shares during the period. Arete Wealth Advisors LLC bought a new position in shares of Datadog in the 3rd quarter worth approximately $403,000. Teachers Retirement System of The State of Kentucky raised its position in shares of Datadog by 2.5% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 83,230 shares of the company’s stock worth $9,577,000 after acquiring an additional 2,050 shares in the last quarter. Finally, Toronto Dominion Bank lifted its stake in shares of Datadog by 48.3% in the 3rd quarter. Toronto Dominion Bank now owns 43,740 shares of the company’s stock valued at $5,033,000 after purchasing an additional 14,241 shares during the period. Institutional investors own 78.29% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on DDOG shares. Barclays increased their price objective on Datadog from $155.00 to $187.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Citigroup increased their price target on shares of Datadog from $150.00 to $157.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Scotiabank dropped their price objective on shares of Datadog from $135.00 to $133.00 and set a “sector outperform” rating on the stock in a research note on Friday, November 8th. Robert W. Baird raised their target price on shares of Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Rosenblatt Securities lifted their target price on shares of Datadog from $140.00 to $148.00 and gave the company a “buy” rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Datadog currently has an average rating of “Moderate Buy” and an average price target of $155.07.

Datadog Trading Down 2.4 %

DDOG opened at $153.03 on Monday. Datadog, Inc. has a 12-month low of $98.80 and a 12-month high of $170.08. The company has a market cap of $51.99 billion, a price-to-earnings ratio of 288.74, a PEG ratio of 20.27 and a beta of 1.11. The company’s 50 day moving average is $136.72 and its 200 day moving average is $123.90.

Insider Transactions at Datadog

In other news, Director Shardul Shah sold 15,832 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $120.02, for a total value of $1,900,156.64. Following the transaction, the director now owns 459,449 shares of the company’s stock, valued at $55,143,068.98. This trade represents a 3.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Sean Michael Walters sold 2,322 shares of the business’s stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $125.00, for a total value of $290,250.00. Following the transaction, the executive now owns 183,512 shares of the company’s stock, valued at approximately $22,939,000. This trade represents a 1.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 713,446 shares of company stock worth $97,145,034 in the last 90 days. 11.78% of the stock is currently owned by insiders.

Datadog Profile

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility.